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Bitcoin Idea: Wyckoff reversal, temporary correction + peak Dec.Many of heard about the storybook Wyckoff schematic that took place recently and let bitcoin dump. This method is used by institutions and whales to take maximum profits and demoralize the small investor. It seems to work out just well. This idea shows the "bullish" Wyckoff method as a reversal to the bearish one right after. Of course, everything is possible, a longer bearish period, an instant reversal, or a sideways movement. I think the last one is most likely to happen because: Bears and bulls get demoralized, fear on both ends "boring" sideway movements let people a little bit out of the mania. But they will come eventually back with extreme FOMO. And in another uptrend they supporting the buildup of that parabolic move we all need to see for the end of this bullrun. Its staying interesting guys be thrilled!
BITSTAMP:BTCUSDLong
by IAAFMM
1
IDEA may Have Prepared For Breakout.NSE:IDEA IDEA may have been prepared for breakout for level of 13.5. See the area marked with circle near the level of 8.8 where we can clearly see volume diminishing. After diminishing supply we are now seeing efforts to push the stock further up. Stock still need to breakout the level of 13.5 to show clear up trend. But risk takers can start considering this counter for short or long term investment at current level of 10.35 as well. Idea currently have a support of Rs.7/- Thanks!!! || Hari Om ||
NSE:IDEALong
by PriceVolumeRider
1
AU Small Finance Bank Bullish On Weekly And Daily chartNSE:AUBANK AU Small finance bank on weekly chart looks quite bullish. And may be a good option for short term trade. Let’s quickly see what was happened on weekly chart. After making a Lifetime High of 1354 we had seen rejection in prices from that level and weekly candle of 30th March 2021 closes in to the middle forming a wick, which is good sign of selling. Where one can say profit booking has been done. But on following weeks we have seen follow through selling with strongest volume till that week and increasing price range. The profit booking now turning out to be indication of trend reversal. And candle A could be a good confirmation of selling where we had witnessed good range of the candle with wick on top followed by strong volume. On very next candle of the candle A (Marked With B) we see gap down opening for that week, in such scenario any one could have went short with no doubt in mind. But lets see what happened on that week ( Candle B\3rd May 2021). Candle B do show gap down on that week but we did not see any movement for selling all through week, result of which we see narrow range candle closing off the low and near to its mid-point. This candle also carries solid volume too (highest in the range of chart we are seeing). Such kind of price and volume appears on chart only if both Sellers and Buyers strongly active. We did not see further follow through selling after candle B, rather we are now seeing prices moving up again and with some good efforts to push prices further up (Check Candle C and D ). So technically its now looks like sellers had been trapped in Candle A and B. One can go long straight away or wait for a breakout to the 1170. There are some chances where we can see the test of level 910 if we see rejection from 1170. ||Hari Om|| ||Ambadnya||
NSE:AUBANKLong
by PriceVolumeRider